August 12, 2014
Weil advised Ceridian, Thomas H. Lee Partners and Fidelity National Financial, Inc. in connection with FleetCor Technologies, Inc.’s definitive agreement to acquire Comdata Inc. for $3.45 billion from Ceridian LLC, a portfolio company owned by investment funds affiliated with Thomas H. Lee Partners, L.P. (THL) and Fidelity National Financial Inc. (FNF).
Comdata is a leading business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers. It has approximately 1,300 employees and enables over $54 billion in payments annually.
The Weil team representing Ceridian, THL and FNF on the transaction was led by Corporate partner Michael Aiello. In addition, the team included Capital Markets partner Alexander Lynch; Banking & Finance partner Allison Liff; Executive Compensation and Employee Benefits partner Paul Wessel; Tax partner Chayim Neubort; Technology & IP partner Michael Epstein; Antitrust partner Steven Newborn and Litigation partner Randi Singer; Executive Compensation and Employee Benefits counsel Steven Margolis; Corporate associates Matthew Goulding and Sanil Padiyedathu; Tax associate Joey Juhn; Executive Compensation and Employee Benefits associate Joshua Gelfand; Capital Markets associates Barbra Broudy and Suzanne Lee; Banking and Finance associate Benton Lewis; Structured Finance associate Eugene Ng; Technology & IP Transactions associates Caroline Geiger and Janell Wise and Litigation associates Kaj Rozga and Cheri Bessellieu.